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20121120
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CNBC
Nov 16, 2012 6:00am EST
just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's 39.6%. i do think 250 is the line. >> i don't think we're 35% and trying to find deductions anymore. >> the house was 55% stayed republican. so they have the same claim that their constituents elected them to hold the line on this. i saw comments from dave camp that this game that he keeps playing with, i've got the pen, i'm ready to sign it, it's just delaying. it's a nonstarter according to the people that stopped it the last intwo years. >> today is the first day that they'll all be meeting at the white house. and today is the first day that we don't know what's going to happen. >> the issues are so big in terms of entitlements. the fiscal cliff is one thin, but the issues are so -- the figure c fiscal abyss. $80 billion a year is what we're t
CNBC
Nov 20, 2012 6:00am EST
entrepreneurialship but said i'm voting for obama because i'm gay. this guy -- everything i've ever said about free market he's totally with the republicans on this but he can't come into that party because the party doesn't want him and that's not right. >> our party has to broaden the tent. i went to the republican national convention again and i saw about eight people that looked like me, and it's not just a matter of having more people that looked like me at the convention, brown or other persuasion and ethnicities but also policy. you have to have policy that attracts lots of new people. in addition to having new candidates you've got to have policies that are meaningful to people on immigration, policies that work for women, policies that are meaningful for people who happen to be minorities, and you can't ever have the -- >> during the romney campaign i don't remember seeing and this is no disrespect to joe and our friends and even governor romney whom i don't know well but i don't remember seeing one person of color at any point that he spoke to, that he addressed, that were, that might hav
CNBC
Nov 19, 2012 6:00am EST
everybody's got to give to get everybody to the table. >> i think right now the key question is we know we need additional revenues for the next ten years. >> we also know we need additional spending cuts. >> and president obama has put that on the table. >> let's talk about the cuts, because joe here has talked, what did you say, you said it was 1 to 1 1/2? >> if he sticks to where he was at 1.2. >> summer of 2011 originally -- >> 1.2, no he wants 1.6 now. he's at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a
CNBC
Nov 12, 2012 6:00am EST
i'm hearing from the obama administration peter at this point, is that high end thing. that doesn't solve anything at this point. >> right. raising tax rates and saying that's the only way to get revenue is a false choice. all we need to do is grow the economy more than it is today and you will get higher revenues. that's the simple math and again, the context of where we're going with these tax hikes is the u.s. economy is barely growing and why would we want to damage that? why do we want to shrink the private sector just as the time we need to increase it. >> they point out the president, when he signed the last compromise when he did the two-year extension he said it's not the right time to raise taxes. they do understand it can be below 250, more deleterious because people above 250 don't save it or they spend it. they understand it's not good for the economy. the $82 billion we were able to get might hurt the economy to the same extent we'll still be at $1 trillion and at $20 trillion within four or five years. >> last week we talked to david rosenberg pointed out he doesn't t
CNBC
Nov 14, 2012 6:00am EST
to resinate with obama at this point. >> no, but he tries to look like he's rising above. >> but lloyd is right, he's a smart guy, knows how to run a business, knows what the private sector and growth could help all of our fiscal problems and he's right about this. but i don't know how far he gets with it because he's lloyd blankfein of goldman sachs. but becky's got it here. you're rising above. obama seeking $1.6 trillion, you say that's his opening bid. >> because this is double when talks had broken off. $800 million in tax -- the revenue increases. we want $4 trillion -- >> so it was $3.2 trillion to $800 billion, that was 4 to 1. his opening bid is 1 1/2 to 1. >> the final negotiation should get somewhere between $1 trillion to 1.2 trillion in tax increases, revenue increases. >> $2.8 trillion in spending cuts. >> all right. if you -- if you -- >> you can't look at me anymore. >> i can't look at you. because i'm wondering it's on his right year, what does that mean -- i don't know. i could never keep that straight. so to speak. >> what are the rules? >> i don't know. >> i r
CNBC
Nov 15, 2012 6:00am EST
talking about, the biggest issue for the markets right now seems to be the uncertainty surrounding the fiscal cliff. yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc is urging leaders to rise above partisan rhetoric to try to find a solution and in that sp
Search Results 0 to 5 of about 6